President Obama Falsely Claims Fast and Furious Program "Begun Under the Previous Administration" - Yahoo! News Univision forum on Thursday, President Obama falsely claimed that the program began under President George W. Bush. He went on to say "I think it's important for us to understand that the Fast and Furious program was a field-initiated program begun under the previous administration," the president said. "When Eric Holder found out about it, he discontinued it. We assigned a inspector general to do a thorough report that was just issued, confirming that in fact Eric Holder did not know about this, that he took prompt action and the people who did initiate this were held accountable."